What role should RSC play in financing a small business?
As with all RSC services, this question must be answered during the development of the IPE. Special concerns must be considered in the planning process. Please note that some of the RSC rules referred to above are repeated here: • RSC should not participate by providing services to any business start up if no business plan has been developed. If the business plan does not justify the investment of either time or money in the business, RSC will not participate. • When a consumer is purchasing an existing business, RSCs financial participation must be preceded by a legal and fiscal review for liens, potential litigation or other hidden costs. • RSC must not participate as an ongoing investor in the business. The consumer must have an alternate plan for continued funding. • The consumer will be expected to have income sufficient to support him/herself during the inception of the business and its first few years. Because RSC may not assume living expenses for the consumer, the business pla
